Advent Software (News - Alert), Inc. announced that Moxy 7.0, the newest version of Advent's trade order management system, is now available. Moxy 7.0 extends the power of the solution to include a new modeling engine that supports complex asset allocation structures and portfolio drift analysis, and expanded connectivity with counterparties.
It helps meet the demands of a more complex and faster-paced investment marketplace by streamlining investment processes, improving operational efficiency and reducing risk.
"Moxy 7.0 drift analysis has helped us identify portfolios that may be moving off strategy and require our attention, and we've already seen time-savings result from the customized order entry features. The solution was installed in hours and we were up and running on Moxy 7.0 without disruption to our business or systems," said Joseph Powers, associate director at Silver Bridge Capital Management.
Advent's Moxy is the widely used global order management system, offering a stable, secure, centralized location for making asset allocation and trading decisions. By making critical data easier to access and act upon through a simple interface and unmatched connectivity with counterparties, Moxy enables portfolio managers and traders to move quickly in the marketplace.
"Given the events of the past few years, the industry is facing increased pressure to deliver more transparency to investors, reduce risk and streamline operations," said Sang Lee, co-founder and managing partner, Aite Group. "The new features and functionality included in Moxy 7.0 should help firms increase efficiency and bring proactive performance monitoring to the trading desk."
Moxy 7.0 features Moxy Portfolio Manager, portfolio drift monitoring, enhanced cash management capabilities for managers, superior trade connectivity, trading compliance through compliance foundation (coupled with Advent Rules Manager), and open architecture.
"We are driven to create solutions that solve the current needs of our clients and provide a platform that offers flexibility for growth and delivers competitive advantage," said John Bird, Director Product Marketing, Advent Software.
Moxy is the OMS deployed at over 850 firms which automates and streamlines the trading and order management process of investment executions and allows the user to send post trade allocation results to brokers electronically. It also provides Internet-ready electronic order routing based on the industry standard FIX messaging protocol, allowing users to route trades electronically to any FIX-compliant broker or crossing network that supports the internet or other TCP/IP connections. To learn more information on Moxy, please visit https://secure.advent.com/info/pr_Moxy.
Advent Software, Inc. has provided trusted solutions to the world's financial professionals since 1983. Firms in more than 50 countries rely on Advent technology to run their mission-critical operations. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients. It is said to be the only financial services software company to be awarded the service capability and performance certification for being a world-class support and services organization.
In related news, Advent Software, a provider of software and services for the investment management industry, announced that more than 300 Advent employees donated time to help a variety of local non-profit organizations during the company's second annual Advent Gives Back Day held on Aug. 25.
Janet Li is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.